Hotels, Motels & Cruise Lines
Millennium & Copthorne Hotels New Zealand Ltd announces acquisition of remaining shares in Kin Holdings Ltd
Millennium & Copthorne Hotels New Zealand Ltd:Completed acquisition from Tai Tak Holdings Pte Ltd (Tai Tak) of 38.7 pct. interest in KIN Holdings Limited (KIN Holdings) which MCK does not already own.KIN Holdings is currently the holding company for MCK's Australian operations and assets, which include residential units at Zenith Residences in Sydney and a sales office.Purchase price for acquisition of shares was NZ$31 million in cash, which is subject to a post completion adjustment relating to Tai Tak's 38.7 pct. share of adjusted net profit or loss (as applicable) of KIN Holdings in respect of period from Aug. 1, 2014, to Dec. 31, 2014.
Belmond Ltd:Expects FY 2015 same store RevPAR guidance of between 2pct and 6pct growth in local currency.
Red Lion Hotels Corp:Expects 2015 RevPAR for comparable company operated hotels to increase 3 to 6 pct over 2014.
Wyndham Worldwide Corp:Declares a cash dividend of $0.42 per share on its common stock.Payable on March 27 to shareholders of record as of March 13.
Melia Hotels International SA:Says signs deal with SOF-10 STARLIGHT 2 EUR, S.A.R.L, unit of Grupo Starwood Capital Group, to launch joint venture.Says to own 20 percent of joint venture created to purchase and manage 7 hotels for 176 million euros.Says joint venture to invest 30 million euros in renovation of these hotels.
Marriott Vacations Worldwide Corp:Expects FY 2015 adjusted EBITDA of $215 -$225 mln.Expects FY 2015 adjusted fully diluted EPS of $3.16 to $3.35.FY 2015 EBITDA of $218 mln, EPS of $3.25 - Thomson Reuters I/B/E/S.
Erawan Group PCL:Proposes 2014 annual dividend of $0.04 Baht per share.Payable on May 27 of record date March 12.
Extended Stay America Inc:Expects FY 2015 revenues in the range of $1.275 billion to $1.3 billion.Expects FY 2015 adjusted EBITDA to range from $585 million to $600 million.Expects FY 2015 net income to range from $183.8 million to $205.6 million.FY 2015 revenue of $1.286 billion, EBITDA of $597 million and net income of $193.7 million - Thomson Reuters I/B/E/S.
Bravo Brio Restaurant Group Inc gives FY 2015 comparable restaurant sales guidance; gives FY 2015 guidance in line with analysts' estimates
Bravo Brio Restaurant Group Inc:Expects FY 2015 Revenues of $420 million to $428 million.Expects FY 2015 Total comparable restaurant sales of minus 2.5 pct to 0.0 pct.Expects FY 2015 Diluted earnings per share of $0.62 to $0.68.FY 2015 revenue of $421 million and EPS of $0.66 - Thomson Reuters I/B/E/S.
La Quinta Holdings Inc gives FY 2015 RevPAR guidance; EBITDA guidance in line with analysts' estimates
La Quinta Holdings Inc:Expects FY 2015 RevPAR growth on a system-wide comparable hotel basis in the range of 5.5 pct to 7.0 pct.Expects FY 2015 adjusted EBITDA of $398 - $410 mln.FY 2015 EBITDA of $405 mln - Thomson Reuters I/B/E/S.